FY2024 EPS Estimates for S&P Global Raised by William Blair

S&P Global Inc. (NYSE:SPGI) – Equities researchers at William Blair upped their FY2024 earnings estimates for S&P Global in a report issued on Tuesday, January 21st. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings per share of $15.39 for the year, up from their prior forecast of $15.23. The consensus estimate for S&P Global’s current full-year earnings is $15.31 per share. William Blair also issued estimates for S&P Global’s Q4 2024 earnings at $3.46 EPS, FY2025 earnings at $17.05 EPS and FY2026 earnings at $19.11 EPS.

Several other research analysts also recently commented on SPGI. Morgan Stanley lifted their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group lifted their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 0.5 %

SPGI stock opened at $513.36 on Wednesday. The company has a market cap of $159.30 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 2.35 and a beta of 1.20. The company has a 50 day moving average of $504.77 and a two-hundred day moving average of $502.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business posted $3.21 EPS. The company’s revenue was up 15.9% on a year-over-year basis.

Hedge Funds Weigh In On S&P Global

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after acquiring an additional 113,146 shares during the period. FMR LLC lifted its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the period. Legal & General Group Plc raised its holdings in S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after buying an additional 29,227 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after buying an additional 28,458 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.